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Topspin Partners II Sells US Toy Maker PlayMonster.

MANews-(C)2009-2018

29 November 2018 - US-based private equity fund Topspin Partners II, LP has exited its portfolio company toys and games manufacturer and distributor PlayMonster LLC, the firm said.

PlayMonster makes family toys, games, preschool toys, creative activities and teaching tools.

Over the past four years, Topspin, along with the PlayMonster team, created value by completing seven tuck-in acquisitions, launching several new product lines and expanding the company's marketing reach and efforts.

The acquirer, Audax Private Equity, has been focused on building middle market companies since 1999. Audax has invested USD 5bn in 119 platform and 715 add-on companies.

PlayMonster, headquartered in Beloit, Wisconsin, is a manufacturer and distributor of family toys, games, preschool toys, creative activities and teaching tools.

The company focuses on innovation through building brands and creating new categories, and maintains distribution across national chains and specialty stores in the US and internationally.

Country: USA

Sector: Consumer Products

Target: PlayMonster LLC

Buyer: Audax Private Equity

Vendor: Topspin Partners II, LP

Deal size in USD:

Type: Divestment

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Nov 29, 2018
Words:183
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